48, GROVE LANE, KERESLEY END, COVENTRY, CV7 8PN - £175,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

48 GROVE LANE is a midsized semi-detached house of 116m², built sometime between 1983 and 1990, which could now be worth an estimated £310,145. It was last sold for £175,000 in March 2010, which was around 38% above the average March 2010 semi-detached price in the Nuneaton and Bedworth local authority area. The most recent EPC inspection was July 2009, where the current energy rating was D, and the potential energy rating was C.

48 GROVE LANE Sold Prices

Land registry data shows three sales for 48 GROVE LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Nuneaton and Bedworth local authority area for the corresponding sale date. All of the three 48 GROVE LANE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2010 31 MAR	£175,000	£127,174	38% above HPI
2009 28 AUG	£190,000	£124,388	53% above HPI
2003 7 AUG	£146,000	£94,437	55% above HPI

48 GROVE LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Nuneaton and Bedworth local authority area over time, sourced from the HPI. The three 48 GROVE LANE sales between August 2003 and March 2010 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the August 2009 sale was for 53% above the HPI. So the extrapolation line tracks at 53% above the HPI over time, until the March 2010 sale, where it falls to 38% above the HPI. The line then continues to track at 38% above the HPI.

What might 48 GROVE LANE be worth now?

48 GROVE LANE might now be worth an estimated £310,145.

This is based on house price inflation of 77.2%, between March 2010 and March 2025, for semi-detached houses, in the Nuneaton and Bedworth local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 77.2% inflationary increase is applied to the most recent sale price for 48 GROVE LANE of £175,000 on 31st March 2010. For the value to have increased from £175,000 to £310,145 over the fifteen years to March 2025, the following assumptions must hold true:

• The value of 48 GROVE LANE has moved in line with the HPI for semi-detached houses in the Nuneaton and Bedworth local authority area.
• The March 2010 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 48 GROVE LANE has not materially changed since March 2010.

How Large is 48 GROVE LANE?

48 GROVE LANE is 116m² according to the EPC inspection conducted in July 2009. This puts it in the largest 50% of semi-detached houses houses in Keresley Newlands, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Keresley Newlands, and where 48 GROVE LANE lies on this distribution: 58% of semi-detached houses houses are smaller than 48 GROVE LANE, and 42% of houses are larger. Note that EPC data is not available for all properties in Keresley Newlands.

48 GROVE LANE: Plot and Title Map

48 GROVE LANE sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 48 GROVE LANE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 48 GROVE LANE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 48 GROVE LANE?

48 GROVE LANE is located in KERESLEY END, in the CV7 postcode district. The below map shows the position of No. 48 on GROVE LANE.